Silage preservation aims to rapidly reduce oxygen and increase acidity so that lactic acid bacteria grow to stabilize and preserve the forage. Stimulants, such as bacterial inoculants, sugars, and enzymes, are intended to improve the growth of lactic acid bacteria and their acid production. Inhibitors, such as propionates, nonprotein nitrogen, and acids, should slow down unwanted silage degradation.
The North American region accounted for the highest adoption of silage additives in the livestock industry in 2017, owing to the growth in awareness and increase in the production of corn silage in the US and Canada. Asia Pacific is projected to be the fastest-growing region for the silage additives market in agricultural applications from 2020 to 2023. The significant growth of exportable commodities from the dairy sector, to meet the export quality standards, strengthened the market potential for local silage additive manufacturers to develop various products based on organic acids, NPN nutrients, and sugars.
The global Silage Additives market was 1700 million US$ in 2023 and is expected to 2530 million US$ by the end of 2034, growing at a CAGR of 4.4% between 2024 and 2034. This report studies the Silage Additives market size (value and volume) by players, regions, product types, and end industries, using historical data from 2019 to 2022 and forecast data from 2024 to 2034. It also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter's Five Forces Analysis. Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Silage Additives in these regions, from 2019 to 2034, covering
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
The study objectives of this report are:
In this study, the years considered to estimate the market size of Silage Additives are as follows:
This report includes the estimation of market size for value (million USD) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Silage Additives market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources. For the data information by region, company, type and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Available Customizations With the given market data, EternityInsights offers customizations according to the company's specific needs. The following customization options are available for the report: Further breakdown of Silage Additives market on basis of the key contributing countries. Detailed analysis and profiling of additional market players.
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